Hints and tips:
...Companies such as ICI and Hoechst spun off pharmaceuticals and agrochemicals to unleash them from the low-margin business of refining chemicals from ethane and naphtha....
...Other signatories are the chief executives of Celanese, Celgene, Eli Lilly, Merck, Oracle, Raytheon and United Technologies....
...Spun out of Celanese Corporation in 1986, Celgene is now one of four large-cap biotech companies with a market value of almost $100bn, ranking alongside Gilead, Amgen and Biogen....
...Jürg Witmer, Clariant’s new chairman and the man behind Mr Secher’s ousting, says Mr Kottmann, formerly at Hoechst, Celanese and SGL Carbon, has the experience to boost performance and innovation....
...The 2002 merger between Germany’s Hoechst and France’s Rhône-Poulenc resulted in the creation of the French corporation Aventis (which is now part of the Sanofi-Aventis group)....
...A recent report by the European Commission on 144 companies in European manufacturing and service industries (including Hoechst, Finmeccanica, Deutsche Steinkohle, Ericsson, and Nestle) found that 13 per...
...The two other top 10 companies in those days were the Swiss Bank Corporation (now UBS) and Italy’s Assicurazioni Generali....
...Just one month earlier, KPC sold its 29 per cent stake in Celanese, the German chemicals group, to US private equity firm Blackstone for about €3.1bn ($3.7bn, £2.1bn)....
...An IPO at $19-$21 a share would have valued the group, formerly part of Hoechst of Germany, at a premium to similar companies in the chemicals sector....
...In January, Blackstone flipped Celanese, the chemicals group, after 10 months, in a deal that many analysts considered to be the most profitable private equity transaction in years....
...This claimed the UK's advanced corporation tax system treated continental European businesses worse than British rivals....
...In January, Blackstone flipped Celanese, a chemicals group, after 10 months, in a deal considered to be the most profitable private equity transaction in years....
...Celanese, the Hoechst spin-off, eventually focused on speciality chemicals and was sold to Blackstone, but only after years of disposals, acquisitions and cost cuts. Mr Heitmann faces handicaps....
...Analysts would love tosee chief executive Axel Heitmann pull off thetype of restructuring that was executed at fellow German chemicals company Celanese, which was spun off from Hoechst in 1999....
...A more substantial example last month was Celanese....
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